Marine and Boat Loans

The horizons are calling.

Head out on a new adventure with the marine or boat loan that’s right for you.

Now that you've decided to set sail on a new or used boat, it's time to consider your financing options. There are multiple loan options to choose from, depending on the size and cost of your boat. Explore your options and get underway with the loan that fits your needs today.

For purchase or refinance of a new or used boat at least 25' in length. Our marine loan offers competitive interest rates and flexible repayment terms. Let our Marine Loan Specialists help you easily navigate the loan process.

If you've got good to excellent credit, an unsecured boat loan from LightStream requires no collateral and has no fees. Plus, applications are processed online so you can get fast, hassle-free financing and access to funds as soon as today1.

For purchase or refinance of a new or used boat at least 25' in length. Our marine loan offers competitive interest rates and flexible repayment terms. Let our Marine Loan Specialists help you easily navigate the loan process.

If you've got good to excellent credit, an unsecured boat loan from LightStream requires no collateral and has no fees. Plus, applications are processed online so you can get fast, hassle-free financing and access to funds as soon as today1.

Secured by the title to the boat or by the ship's mortgage/U.S. Coast Guard documentation

Unsecured. Boat not used as collateral.

Features

Tax-Time Savings: Potential for tax deductible interest5

Save with our Services: The boat owner is responsible for paying the required US Coast Guard documentation fee and Ship's Mortgage lien recording fee. SunTrust can record these documents for you at no additional cost, while other lenders may charge a fee for these services.6

Use the loan for all your boat related expenses - trailer, motor, etc.

For purchase or refinance of a new or used boat at least 25' in length. Our marine loan offers competitive interest rates and flexible repayment terms. Let our Marine Loan Specialists help you easily navigate the loan process.

If you've got good to excellent credit, an unsecured boat loan from LightStream requires no collateral and has no fees. Plus, applications are processed online so you can get fast, hassle-free financing and access to funds as soon as today1.

Secured by the title to the boat or by the ship's mortgage/U.S. Coast Guard documentation

Unsecured. Boat not used as collateral.

Features

Tax-Time Savings: Potential for tax deductible interest5

Save with our Services: The boat owner is responsible for paying the required US Coast Guard documentation fee and Ship's Mortgage lien recording fee. SunTrust can record these documents for you at no additional cost, while other lenders may charge a fee for these services.6

Use the loan for all your boat related expenses - trailer, motor, etc.

Get your funds as soon as today1

Important Information About These Products

Subject to credit approval, eligibility and credit qualifications.

1 You can fund your loan today if today is a banking business day, your application is approved, and you complete the following steps by 2:30 p.m. Eastern time: (1) review and electronically sign your loan agreement; (2) provide us with your funding preferences and relevant banking information; and (3) complete the final verification process.

2 Your actual rate may vary based on a number of factors, including loan term. Available rates may change without notice. Property insurance required. Loan approval and final terms are subject to review of your credit history, income and other factors. Rates effective 02/01/2019.

3 Your loan terms, including APR, may differ based on loan purpose, amount, term length, and your credit profile. Rate is quoted with AutoPay discount, which is only available when you select AutoPay prior to loan funding. Rates under the invoicing option are 0.50% higher. If your application is approved, your credit profile will determine whether your loan will be unsecured or secured. Subject to credit approval. Conditions and limitations apply. Advertised rates and terms are subject to change without notice.

* LightStream Payment example: Monthly payments for a $10,000 loan at 4.04% APR with a term of 3 years would result in 36 monthly payments of $295.42.

4 Payment example: Financed loan amount of $75,000 after a down payment of 15% with a 20-year term at a rate of 5.62% Annual Percentage Rate (APR) would result in 240 monthly payments of $521.01.

5 Consult a tax advisor regarding deductibility of interest.

6 The U.S. Coast Guard charges documentation and lien recordation fees that vary based on details of the transaction. SunTrust does not mark up or profit from these fees.

Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., a SEC registered adviser. GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. Mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.

"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.

SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.